Over the past decade, the United States has had a current account deficit and capital account deficit
Indicate whether the statement is true or false
FALSE
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Which of the following is NOT an example for third-degree price discrimination?
A) discounted coupons for toothpastes in the newspapers B) discounts for Saturday night stayovers C) discounts for bulk orders D) discounts for senior citizens at amusement parks
Credit cards a. are a method of deferring payment, and people who have credit cards hold less money on average. b. are a method of deferring payment, and people who have credit cards hold more money on average. c. are a medium of exchange, and people who have credit cards hold less money on average
d. are a medium of exchange, and people who have credit cards hold more money on average.
Which of the following has no market “price”?
A. Labor B. Capital C. Entrepreneurship D. Fixed factors
Human capital represents: a. the equipment that labor uses on-the-job to improve labor productivity
b. the ratio of capital to labor. c. the education, skill, and training embodied in workers. d. the technology developed by humans that is embodied in equipment. e. the social institutions created by people which promote the accumulation of equipment for production.